The fintech, founded in 2018 in London, has raised $56 million from strategic investors and venture capitalists, Goodall said. Some of those investors, including Bank of America and Citibank, are also clients, he said.
For its U.S. bank customers, the fintech already provides its pay-by-bank services outside the U.S., Goodall explained. “Pay-by-bank is effectively another product that they can sell into merchants,” he explained.
“We have a global platform that is currently live in the U.K., and in a number of markets in Europe, and is now launched and is going live in Australia,” he said. In addition to the U.K., Banked also has operations in Lithuania.